July 7 (Reuters) – Nuclear fuel company Standard Nuclear is targeting a valuation of up to $3.55 billion in its initial public offering in the United States.
The company said on Tuesday it aims to raise up to $383.25 million in the IPO by offering 18.25 million shares priced between $18 and $21 each.
The IPO market is regaining momentum as easing geopolitical tensions, resilient equity markets and strong investor demand encourage companies to proceed with their listing plans.
Standard Nuclear produces advanced nuclear fuel and radioisotope power systems, with a focus on scaling up domestic manufacturing capacity to bolster U.S. energy security.
The company intends to list on the New York Stock Exchange under the ticker symbol “STDN”. BofA Securities, Goldman Sachs, Barclays and UBS Investment Bank are among the underwriters for the offering.
(Reporting by Prakhar Srivastava in Bengaluru; Editing by Shilpi Majumdar)
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